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Eurozone Industrial Production Falls Most In 17 Months

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Eurozone industrial production declined at the fastest pace in nearly one-and-and-a-half years in March, largely led by a slump in the capital goods output, and suggested that a downward revision to the first quarter economic growth was likely.

Industrial production logged negative monthly growth of 4.1 percent in March, reversing a 1.56 percent gain in February, preliminary data from Eurostat showed on Monday. That was above the 2.5 percent fall economists had expected.

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